About Welspun Captive Power Generation Limited
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Welspun Captive Power Generation Limited is a public limited company based in Anjar, Gujarat, India, a subsidiary of Welspun Living Limited. It operates in the thermal power generation and plants segment of the energy and power sector. It was incorporated on 30 April 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U40100GJ2010PLC060502. Its GSTIN is 24AAACW9592Q1ZE (Gujarat).
The company has an authorised share capital of ₹130 Cr and a paid-up capital of ₹29.54 Cr. It is led by directors including Ashokkumar Jagdishchandra Joshi (Whole-Time Director) and Atul Manubhai Desai.
Its last annual general meeting (AGM) was held on 28 July 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Welspun City Village Versamedi Taluka Anjar, Gujarat, India – 370110.
As per the financials filed for FY 2025, the company reported a revenue of ₹116.05 Cr, a decline of 24% compared to the previous year. For the same year it recorded a net profit of ₹11.69 Cr (net margin 10.1%) and EBITDA of ₹52.72 Cr (EBITDA margin 45.4%). Revenue has declined at a compounded annual rate (CAGR) of 36% over three years and 22% over five years.
As per MCA filings, the company has open charges of ₹30 Cr and satisfied charges of ₹583 Cr on record. Court records list 2 cases involving the company, including 2 filed against it; 1 case is pending. The company has 19 deals on record (13 secondary share transfers, 6 funding rounds), with disclosed funding of ₹127.95 Cr; the latest was in March 2023. Its 4 peer companies in the Power industry (Thermal Power Plants), with the same principal business activity (electric power generation, transmission and distribution) are compared by revenue, 2 larger and 2 smaller; the largest is Caparo Power Limited with revenue of ₹179.86 Cr. The company has 4 MSME Form 1 returns on record between 2019 and 2022, listing 8 overdue payments to 8 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website welspuncaptivepower.com.
Company details
Contact details
Welspun Captive Power Generation Limited's registered office is in Anjar, Gujarat. Its website is welspuncaptivepower.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressWelspun City Village Versamedi Taluka Anjar, Gujarat, India – 370110
- IndustryEnergy and Power, Thermal Power Generation & Plants
To see the full contact details of Welspun Captive Power Generation Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Business activity
The main business activity of Welspun Captive Power Generation is electricity, gas, steam and air condition supply. In detail, this covers electric power generation, transmission and distribution.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| D | Electricity, gas, steam and air condition supply | D1 | Electric power generation, transmission and distribution |
To see the full business activity and turnover split of Welspun Captive Power Generation Limited, buy the company report.
Financials of Welspun Captive Power Generation Limited
FY 2025 filings availableWelspun Captive Power Generation Limited reported revenue of ₹116.05 Cr (down 24% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 22% over five years, including a 24% fall in the latest year. EBITDA fell 3% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹52.72 Cr | ||||
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| Net Profit (PAT) | ₹11.69 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 45.4% | ||||
| Net Profit Margin | 10.1% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Welspun Captive Power Generation Limited, buy the company report.
Board of directors of Welspun Captive Power Generation Limited
Welspun Captive Power Generation has 5 current directors and 26 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Atul Manubhai Desai | Director | 21 Jul 2022 | 4 Years 3 Months | Current |
| Ashokkumar Jagdishchandra Joshi Also directs: Welspun Home Textiles Limited, Welspun Newgen Limited | Whole-Time Director | 16 Dec 2019 | 6 Years 10 Months | Current |
| Atul Shantilal Trivedi | Additional Director | 29 Apr 2025 | 1 Years 6 Months | Current |
| Viswanathan Hariharan Kollengode Also directs: Welspun Specialty Solutions Limited, Welspun Anjar Sez Limited, Bapl Rototech Private Limited and 1 more | Director | 30 Jul 2016 | 10 Years 3 Months | Current |
| Manish Lakhotia Rajkumar | Additional Director | 18 Aug 2025 | 1 Years 2 Months | Current |
Peer comparison
Welspun Captive Power Generation Limited is compared with the 4 companies closest to it by revenue in the Power industry (Thermal Power Plants), with the same principal business activity (electric power generation, transmission and distribution), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Caparo Power Limited | ₹179.86 Cr (FY 2025) | -4.0% | New Delhi, Delhi, India | |||
| Facor Power Limited | ₹144.55 Cr (FY 2022) | 16.0% | Bhadrak, Odisha, India | |||
| Welspun Captive Power Generation Limitedthis company | ₹116.05 Cr (FY 2025) | ₹11.69 Cr | 10.1% | -24.0% | Anjar, Gujarat, India | |
| Godawari Green Energy Private Limited | ₹95.71 Cr (FY 2025) | 1.0% | New Delhi, Delhi, India | |||
| Hindustan Powerprojects Private Limited | ₹83.62 Cr (FY 2024) | 395.0% | New Delhi, Delhi, India |
To see the full peer comparison of Welspun Captive Power Generation Limited, buy the company report.
Auditor
Welspun Captive Power Generation Limited is audited by S R B C & CO LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S R B C & CO LLP | FY 2023 | 324982E/E300003 |
Shareholding
The shareholding of Welspun Captive Power Generation Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Welspun Captive Power Generation Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 07 Oct 2019 | 100294956 | Others | ₹30 Cr | Open | |
| 28 Jun 2016 | 100041407 | Sbicap Trustee Company Limited | ₹88 Cr | Satisfied | |
| 18 Jul 2013 | 10441994 | Sbicap Trustee Company Limited | ₹135 Cr | Satisfied | |
| 16 Jan 2013 | 10402635 | State Bank of Travancore Corporate Finance Branch Mumbai | ₹60 Cr | Satisfied | |
| 06 Jan 2011 | 10260078 | Icici Bank Limited | ₹300 Cr | Satisfied |
To see the full charge records of Welspun Captive Power Generation Limited, buy the company report.
Total charge records: 5 View all charges
Deals & funding
Welspun Captive Power Generation Limited has 19 deals on record (13 secondary share transfers, 6 funding rounds), with disclosed funding of ₹127.95 Cr; the latest was in March 2023.
Deals on record (5 of 19)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2023 | Secondary share transfer | Undisclosed | Buyer: Anjar TMT Steel Private Limited , Welspun Di Pipes Limited Seller: Welspun Corp Limited |
| Mar 2022 | Secondary share transfer | Undisclosed | Buyer: Welspun Corp Limited Seller: Welspun Steel Limited |
| Mar 2021 | Secondary share transfer | Undisclosed | Seller: Welspun India Limited , Welspun Corp Limited , Welspun Wasco Coatings Private Limited |
| Jan 2021 | Secondary share transfer | Undisclosed | Buyer: Welspun Metallics Limited Seller: Welspun Steel Limited |
| Mar 2019 | Secondary share transfer | Undisclosed | Buyer: Welspun Corp Limited Seller: Welspun India Limited |
To see the full deal history of Welspun Captive Power Generation Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Welspun Captive Power Generation Limited has 2 court cases on record: 2 filed against it. 1 case is pending and 1 is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 2 | 1 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Tax appeal | Filed against the company by PR Commissioner of Income Tax 8 Mumbai | Pending |
| High Court, GUJARAT | Special civil application | Filed against the company by an individual | Disposed |
To see the full case history of Welspun Captive Power Generation Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
Welspun Captive Power Generation Limited was last rated by Care on 06 Apr 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 06 Apr 2022 |
To see the full credit ratings and regulatory alerts of Welspun Captive Power Generation Limited, buy the company report.
MSME payment delays
Welspun Captive Power Generation Limited has 4 MSME Form 1 returns on record between 2019 and 2022, listing 8 overdue payments to 8 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 8)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Sequelone Solutions Private Limited | |||
| Shree Bhavani Fabricators & Enginee | |||
| Jco Gas Pipe Limited | |||
| Ratnajyot Steel and Pipes Private Limited |
To see the full MSME payment records of Welspun Captive Power Generation Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Welspun Captive Power Generation has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACW9592Q1ZE | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Welspun Captive Power Generation Limited, buy the company report.
Recent activity
Welspun Captive Power Generation Limited has 27 board changes on record since 2013: 7 appointments and 20 cessations. The latest: Manish Lakhotia Rajkumar was appointed as Additional Director on 18 Aug 2025.
30 earlier events are in the company report.
News
Frequently asked questions
Welspun Captive Power Generation is an active public limited company based in Anjar, Gujarat, India. The company works in thermal power generation and plants, within the energy and power industry. It was incorporated on 30 April 2010 (16+ years old) and is registered under CIN U40100GJ2010PLC060502.
Welspun Captive Power Generation has 5 current directors:
- Ashokkumar Jagdishchandra Joshi - Whole-Time Director
- Atul Manubhai Desai - Director
- Atul Shantilal Trivedi - Additional Director
- Viswanathan Hariharan Kollengode - Director
- Manish Lakhotia Rajkumar - Additional Director
The latest financial statements of Welspun Captive Power Generation on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 28 July 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Welspun Captive Power Generation is 24AAACW9592Q1ZE, registered in Gujarat.
The CIN (Corporate Identification Number) of Welspun Captive Power Generation is U40100GJ2010PLC060502. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Welspun Captive Power Generation has 2 court cases on record: 2 filed against it. 1 is pending.
Welspun Captive Power Generation was incorporated on 30 April 2010, making it 16+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Welspun Captive Power Generation has 19 deals on record (13 secondary share transfers, 6 funding rounds), with disclosed funding of ₹127.95 Cr; the latest was in March 2023.
The peers of Welspun Captive Power Generation by revenue are Caparo Power Limited, Facor Power Limited, Godawari Green Energy Private Limited, Hindustan Powerprojects Private Limited, all in the Power industry (Thermal Power Plants), with the same principal business activity (electric power generation, transmission and distribution).
Manish Lakhotia Rajkumar was appointed as Additional Director on 18 Aug 2025. Atul Shantilal Trivedi was appointed as Additional Director on 29 Apr 2025. Lalit Ashok Karne ceased to be Company Secretary on 18 Apr 2025. Welspun Captive Power Generation has 27 board changes on record in total.
Welspun Captive Power Generation has 4 MSME Form 1 returns on record between 2019 and 2022, listing 8 overdue payments to 8 micro and small suppliers. The latest return was filed on 01 Nov 2022.
Welspun Captive Power Generation can be reached through the website welspuncaptivepower.com. Its registered office is in Anjar, Gujarat, India.
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